EXCHANGE NEWSWIRE, 26 April 2011
NDAQ-ICE deal: Department of Justice (DOJ) issued a second request to NDAQ and ICE asking for “additional information and documentary material” regarding its bid for NYX. An NDAQ spokesman said that “we’re encouraged by the DOJ’s desire to fast track the process”, and NDAQ CEO Greifeld estimated that DOJ would provide guidance within six to seven weeks.
CBOE will expand its listed credit derivatives offering to include credit-event binary options. The binary options are an alternative to credit default swaps and allow investors to “protect against potential downside risk in the event of default by broker dealers”.
ICE will launch 19 global OTC cleared natural gas products from May 16, increasing its OTC energy contracts offering to a total of 420.
Tokyo Financial Exchange (TFE) may connect its network to that of NYX to allow traders on the TFE market to trade NYX-listed derivatives, and allow overseas players to trade products listed on TFE. TFE also released its mid-term business plan which targets boosting trading volume to a total of 300m fiscal units in 2013, up 130% from fiscal 2011.
WSE added Kernel Holding, the first Ukrainian company and the second foreign firm, to the list of its WIG20 index underlying companies. WSE President Ludwik Sobolewski said the exchange wants “to be an object of interest not only for Polish companies” as the Polish bourse aims to be a leader in Central Europe.
Direct Edge hired Saro Jahani as its CIO, who will report directly to CEO William O’Brien. Jahani previously worked as CIO of National Stock Exchange (NSX) of India, and was also the Global Head of Infrastructure, Operations and Facilities at Townsend Analytics.
Equinix completed its acquisition of ALOG Data Centers of Brazil in an all cash transaction, extending its platform to South America. The total $83m in investment made consisted of approximately $68m as part of the acquisition and around $15m to provide for extra capital for future data center expansions.
WDR reported 1Q 2011 EPS of $0.53 (+26% y/y), on operating revenue of $296.6m (+18% y/y) and expenses of $221.8m (+15% y/y). Assets under management for the quarter were $90.1b (+7.6% q/q) and inflows were $1.9b (+58% q/q).
OXPS reported 1Q 2011 diluted EPS of $0.25 on revenues of $65.9m (+16% y/y). Retail DARTs were 36,500 (+20% y/y), with a total of 389,300 customer accounts (+9% y/y), and record of $8.4m in ending customer assets (+12% y/y).
Economic and Monetary Affairs Committee (ECON) of Europe confirmed that it will select a rapporteur on May 10 who will be in charge of the European Commission’s upcoming MiFID II legislative proposals, which will be published in July at the earliest.
CFTC and SEC will release a detailed definition for swaps products to be covered by the derivatives reforms after the SEC meets publicly to vote on April 27 on a proposal that must be approved by CFTC, which will convene on the same day.
Provided By: Equity Research Desk, www.erdesk.com
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